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See what reviewers are saying

Rated 1 out of 5 stars

I opened an account here, but never deposited. Now they continue to spam me with emails about their bankruptcy proceedings, and makes me wonder if they included my name in the court filing for the peo... See more

Rated 1 out of 5 stars

THIS BUSINESS SUCKS IVE BEEN WAITING 5 BUSINESS DAYS AND STILL CANT WITHDRAW AND THE MARKETS ARE BULLISH. READ FINEPRINT BEFORE MAKING AN ACCOUNT WITH THESE PEOPLE Literally I don't know why I chose... See more

Company replied

Rated 1 out of 5 stars

BlockFi uses arcane nuances in their agreements to rip off customers. I've discovered the BlockFi charge card is all of a sudden, not a BlockFi product. That is, BlockFi can freeze my crypto balance... See more

Rated 3 out of 5 stars

I want to like Blockfi more than I do but there are a number of limitations/issues that cause concern. - while Blockfi says it does not charge trading fees, EVERY purchase I have made for BTC & ET... See more

Company replied

Company details

  1. Cryptocurrency Service

Written by the company

Earn interest. Buy Bitcoin. Borrow USD. Grow wealth. Do more with your crypto.


Contact info

You should know

1.5

Bad

TrustScore 1.5 out of 5

212 reviews

5-star
4-star
3-star
2-star
1-star

Hasn’t replied to negative reviews

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Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 1 out of 5 stars

Have been trying for over a month to…

Have been trying for over a month to set up my business account so I can use BlockFi. It has been very slow frustrating process. Still waiting! I guess I will just have to use other services to invest in the crypto space.

June 30, 2021
BlockFi logo

Reply from BlockFi

Hi Daryl, we're sorry to hear about the delay. Please don't hesitate to either DM us on Twitter at @BlockFiSupport with a ticket number or open a ticket at https://blockfi.ada.support/chat/ so that our Client Service team can take a closer look. We look forward to having you up & running soon!

Rated 5 out of 5 stars

problem with an entry

problem with an entry, worked with me to resolve it.

June 30, 2021
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Reply from BlockFi

Thank you for the review and sharing your experience Guy! We are happy to that everything was resolved for you!

Rated 5 out of 5 stars

Was really helpful

June 30, 2021
BlockFi logo

Reply from BlockFi

Thank you KP for the review! We are happy to see that everything was helpful for you.

Rated 5 out of 5 stars

Great customer service

I was waiting for my bonus to show up but it never did, I emailed the service team and they sorted out the issue immediately. Can’t fault them at all - great service and a great offering. Highly recommend!

June 30, 2021
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Reply from BlockFi

We are happy to see your experience with our service team went well! Thank you Jon for your honest feedback and recommendation (:

Rated 2 out of 5 stars
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Reply from BlockFi

Thanks for the feedback. While we understand the recent rate change isn’t welcome news, rest assured that we remain committed to providing market leading value and helping your assets grow. These adjustments are part of our mission to continue delivering high-quality, long-term service for our clients while expanding our innovative product offering in a competitive and scalable way.

Rated 4 out of 5 stars

Great except 1 thing

I am pleased with every aspect of the products and services offered except for the fact that your interest rates keep falling. Linking bank account is much easier than other crypto currency sites.

June 26, 2021
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Reply from BlockFi

Thank you for the fair review, Ron! We appreciate all feedback.

Rated 2 out of 5 stars

Disappointed With Loan Terms

I'm disappointed a substantial portion of my assets were sold due to a margin call. It only reached that LTV for a brief moment, and the ETH wasn't sold until much later in the day. In fact, I emailed you long after the drop in eth price, and the assets weren't sold yet, but right after my email they were sold. I can't help but feel like my email affected the decision. If the assets were sold when eth was at its lowest, I should have received notification sooner (immediately). If it was sold after that, it shouldn't have been sold because it below 80% LTV.

I added some collateral to see if it would work and it didn't. It sent the eth to an interest account.

I understand you need to protect your investors, but you could have done a better job protecting my assets too. Could have called, or something.

I also don't like how the original agreement is 35% LTV, but then you sold enough to bring it to 50%. That devestated my porfolio and ruins the reason why I took the loan in the first place.

June 24, 2021
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Reply from BlockFi

Hey Jeremy. We apologize for the inconveniences you've experienced. Default Liquidations are not something we actively wish to do and would take as many steps as possible to avoid this if possible. This is why we strongly encourage clients to act quickly and keep their LTV as close to 50% as possible. We truly appreciate you taking the time to offer your feedback.

Rated 5 out of 5 stars

Changed the game.

June 24, 2021
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Reply from BlockFi

Thank You Daryl! We look forward to continue giving our clients the best experience possible (:

Rated 4 out of 5 stars

Can't connect my bank account through…

Can't connect my bank account through the Plaid network. My bank is part of the network.

June 24, 2021
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Reply from BlockFi

Hey Johnny, thanks for the feedback & we're sorry you've had trouble connecting your bank account through Plaid. We’re always looking at improving our deposit and withdrawal experiences. Stay tuned for updates!

Rated 4 out of 5 stars

Realistic Take

1. I do really love this platform

2. Really wish this wait for the CC didn't take so long

3. Plaid doesn't connect to my bank which is frustrating and forces me to buy on Coinbase Pro and transfer over - costing me twice as much in fees :(

June 23, 2021
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Reply from BlockFi

Thanks for the fair review Derek! we’re always looking at improving our deposit and withdrawal experiences. Stay tuned for future updates!

Rated 4 out of 5 stars

Lowering interest rates recently was…

Lowering interest rates recently was disappointing. But instant availability of funds and increasing deposits was great.

June 23, 2021
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Reply from BlockFi

Hey Mario, thanks for the fair & balanced positive review. The interest we pay is based on the yield that we generate from lending crypto to individuals as well as institutions. The recent update to our rates reflects current market conditions and enables us to maintain a healthy and sustainable business model while continuing to deliver high-quality, long-term service for our clients.

Rated 5 out of 5 stars

Customer service is great its the best…

Customer service is great its the best out of any of the exchanges. The app is easy to use and very straight forward. The interest rates they pay are great and I also like how you can designate between a few different crypto interests that you can be paid in. No issues as far as sending and receiving crypto all my transactions were very smooth. So far the only issues that I have is that I cannot connect my Wells Fargo bank account. I can connect all my other banks but not Wells Fargo. Other then that I really like BlockFi.

After I received the feedback from BlockFi below on how to add my Wells Fargo it worked. Again, this reaffirms that their customer service is the best. As such, I have upgraded my review to 5 stars.

June 23, 2021
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Reply from BlockFi

Thank You for your feedback Patrick! We are happy to see that you currently have a great experience with BlockFi.

As for attempting to connect your Wells Fargo bank account to your BlockFi account, here is a option that our clients have done which worked.

Go to https://my.plaid.com/ (not https://plaid.com/ - this will lead you to create a developers account if they do not navigate to the for consumers tab)

1. Click on "get-started"
2. Input phone # & plaid verification code
3. Continue to create account
4. Under Apps connected, Select BlockFi
5. Manage Connections
6. Disconnect WF
7.Try logging in again, and add the bank account as new

Rated 5 out of 5 stars

My # 1 Bank

Great digital assets Bank, easy to use, and very secure.

June 23, 2021
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Reply from BlockFi

Thank you David for your feedback! We greatly appreciate it!

Rated 5 out of 5 stars

as always

as always , Gonzalo went above and beyond the best service of any company i have ever had to deal with. Thanks so Much

June 23, 2021
BlockFi logo

Reply from BlockFi

Hey Michael! We greatly appreciate your feedback! Thank you for the review.

Rated 5 out of 5 stars

Easy to exchange with different wallets

I'm not a huge Blockfi fan...got caught up with them when they accidentally put one million dollars in my crypto account....but this transaction from Coinbase to Blockfi went well. Easy to understand...and I especially like the confirmation emails at every step of the way...so if you screw up... you can stop it.

June 23, 2021
BlockFi logo

Reply from BlockFi

Hey David! We greatly appreciate your feedback! Thank you for the review :)

Rated 5 out of 5 stars

****

****
Four Stars - Excellent exchange

June 23, 2021
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Reply from BlockFi

Thank You for the amazing feedback Chung! We appreciate it!

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